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5 Million NXT bounty for Nxt & Ardor Forgers
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Author Topic: 5 Million NXT bounty for Nxt & Ardor Forgers  (Read 121458 times)

ThomasVeil

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #40 on: June 30, 2016, 04:13:20 am »

How about using the cloud - so an online-server version of the node? I think it's called VPS.
Could one host a node on free offers like this: https://www.openshift.com/pricing/plan-comparison.html
Or is 1GB storage not enough?
There is also the Amazon offer: https://aws.amazon.com/vpc/
Anyone using this? Is the allowed traffic enough - and how expensive is it to run this.

There seems to be a script for this kinda thing: https://github.com/nxt-ext/nxt-kit
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OrgiOrg

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #41 on: June 30, 2016, 08:59:12 am »

so better forge alone (about 100K NXT) or lease the account to NXTCrypto forging pool?
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rubenbc

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #42 on: June 30, 2016, 09:12:15 am »

so better forge alone (about 100K NXT) or lease the account to NXTCrypto forging pool?
If you can forge alone is better for ecosystem. one more node :)

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farl4bit

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #43 on: June 30, 2016, 09:56:21 am »

so better forge alone (about 100K NXT) or lease the account to NXTCrypto forging pool?
If you can forge alone is better for ecosystem. one more node :)
Less centralization. That's why I forge on my own and not with a pool. We have been bashing Bitcoin for having only a few big pools which at some points hold almost 51% power. So we should do what we do best: decentralize  ;D
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gh

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #44 on: June 30, 2016, 10:37:25 am »

.
« Last Edit: February 05, 2017, 01:01:06 pm by gh »
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taggartd

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #45 on: June 30, 2016, 12:58:55 pm »

If I have a dinamic IP, assigned by the provider, i think hallmark is not possible. Right?
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Jose

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #46 on: June 30, 2016, 01:38:33 pm »

If I have a dinamic IP, assigned by the provider, i think hallmark is not possible. Right?

In that case you have to use a free DDns service like noip.com , duckdns.org ...
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taggartd

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #47 on: June 30, 2016, 04:02:14 pm »

If I have a dinamic IP, assigned by the provider, i think hallmark is not possible. Right?

In that case you have to use a free DDns service like noip.com , duckdns.org ...
Thanks Jose
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zuqka

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #48 on: June 30, 2016, 09:49:22 pm »

If I have a dinamic IP, assigned by the provider, i think hallmark is not possible. Right?

In that case you have to use a free DDns service like noip.com , duckdns.org ...
I am behind double NAT, nothing helps.
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Riker

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #49 on: July 03, 2016, 01:31:09 pm »

Great initiative megalodon, it will surely help to increase the forging power of the NXT network.
However, I don't understand how you intend to convince users to setup more nodes ?
Just sending random transaction fees would benefit the large stake holders who forge, but how do we incentivize small stake holders to run their own node ?

Did you consider to buy some NSC assets https://nxtforum.org/assets-board/(ann)-nxt-security-coin-(nsc)-get-paid-for-supporting-the-nxt-network!/msg64183/#msg64183 ?

Perhaps distribute 2.5M as random transaction fees to incentivize forgers and use the other 2.5M to buy NSC assets to compensate people for running a forging node ?
This is assuming that someone is still tracking the NSC asset or can restart this initiative.
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abctc

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #50 on: July 03, 2016, 02:53:13 pm »

... Did you consider to buy some NSC assets ...
This is assuming that someone is still tracking the NSC asset or can restart this initiative.
- NSC asset discontinued.
MS NSC currency is active: https://nxtforum.org/monetary-system-153/(nsc)-ms-nxt-security-coin-supporting-nxt-hallmarked-nodes/
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Sebastien256

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #51 on: July 03, 2016, 09:02:17 pm »

If one goal is to increase the number of Nxt nodes, maybe sending the planned many random transactions only to forging account with, let say, a maximum of 1M NXT. In that way it will force bigger holder to create more Nxt nodes (to split their holding) and only small to medium forging account would benefit.

I think this method of rewarding would promote the creation of new forging nodes.
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galeki

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #52 on: July 03, 2016, 09:09:39 pm »

Hmm...

We already have a minimum forging balance which is 1000.

So maybe we can set a maximum like 10M or 1M?
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Sebastien256

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #53 on: July 03, 2016, 09:11:12 pm »

yes about 1 million maximum is what im talking about, not 1k  :) .
« Last Edit: July 03, 2016, 09:29:13 pm by Sebastien256 »
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galeki

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #54 on: July 03, 2016, 09:26:32 pm »

yes about 1 million maximum is what im talking about, not 1k  :).

Sounds very good. So the 50M whale must setup 50 nodes to get his balance fully on forging.

But he can do that on 1 node with 50 accounts open. :(

But at least we made the distribution looks better. :)

And I feel there maybe some security issue when we do this. We need devs to answer that. :P
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Sebastien256

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #55 on: July 03, 2016, 09:31:21 pm »

Note however that forging balance maximum should not be impose because it may reduce the whole system security as the big holder may not be aware and may don't split their forging power to many nodes.

I am proposing to modify megalodon plan (not the Nxt system consensus) to limit his special limiting time forging reward only to acount with, let say 1M in NXT holding or less.
« Last Edit: July 03, 2016, 09:46:06 pm by Sebastien256 »
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galeki

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #56 on: July 03, 2016, 09:37:09 pm »

Note however that forging balance maximum should not be impose because it may reduce the whole system security as the big holder may not be aware and may don't split their forging power to many nodes.

I am proposing to modify megalodon plan (not the Nxt system consensus) to limit his special limiting time forging reward only to acount with, let say 1M in NXT holding.

Agreed. Using megalodon plan to test this is very wise and almost no hurt.  ::)
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Riker

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #57 on: July 04, 2016, 04:48:53 am »

If one goal is to increase the number of Nxt nodes, maybe sending the planned many random transactions only to forging account with, let say, a maximum of 1M NXT. In that way it will force bigger holder to create more Nxt nodes (to split their holding) and only small to medium forging account would benefit.

I think this method of rewarding would promote the creation of new forging nodes.

This won't force users to create more nodes since you can forge with multiple accounts on the same node.
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opossum

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #58 on: July 04, 2016, 05:46:25 am »

Is there any reward running hallmark node?
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lurker10

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Re: 5 Million NXT bounty for Nxt & Ardor Forgers
« Reply #59 on: July 04, 2016, 05:50:27 am »

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